Back to Search
Start Over
When do liquidated damages add up to an unenforceable penalty?
- Source :
- Architects' Journal; 4/28/2005, Vol. 221 Issue 16, p44-44, 2/3p
- Publication Year :
- 2005
-
Abstract
- Focuses on the case of Alfred McAlpine vs Tilebox which gives helpful guidance about how the court in England tests whether a high level of liquidated damages stipulated in a contract make a particular provision a penalty and therefore unenforceable. Ruling of the court that for a pre-estimated sum in damages to be enforceable, it has to be reasonable; Potential losses of Tilebox; Enumeration of the grounds to consider that a liquidated damages clause not a penalty.
- Subjects :
- LIQUIDATED damages
DAMAGES (Law)
CONTRACTUAL penalties
ACTIONS & defenses (Law)
Subjects
Details
- Language :
- English
- ISSN :
- 00038466
- Volume :
- 221
- Issue :
- 16
- Database :
- Supplemental Index
- Journal :
- Architects' Journal
- Publication Type :
- Periodical
- Accession number :
- 17709205